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to get to jeff. >> two years ago, barack obama warned about the subprime crisis. john mccain, while barack obama was warning about what we had to do, was the tralee giving an interview to "the wall street journal" say that he is all for cutting regulations. john mccain is a good man, but he thought that the answer is the tried and true republican response -- deregulate, deregulate. so you have deregulation, the belief that wall street would self regulate itself. barack obama was talking about reinstating those regulations. john, on 20 different occasions, called for more deregulation. he said he wants to do for the health care industry, deregulate it and let the free market move like he did for the banking industry. so deregulation was the promise. guess what. those people who say don't go into debt, they can barely pay to fill their gas tank. i asked a guy named joe. i said, julie, how much does it cost to fill your tank? he said i don't know. i never have enough money to do it. the middle class needs relief, tax relief. they needed now. >> the governor, if you like to respond to w
: there is no question -- president obama had a jobs bill last year. the republicans had no use for it. it was put aside because they did not want to have the present have a success. they were not interested in creating jobs. do they have a jobs plan? there is no record that cutting tax creates jobs. i do think the democrats need to be bolder and put forward many more ideas about how to create jobs. in my mind the democratic party is a coalition of interest. the republican party i think will possibly expire because it has become so extremist. it risks extinction in a country going through such demographic shifts. it is primarily a white, older party to that. it doesn't understand how they will operate. they will throw as much money and do the vote suppression which about 11 courts have said we're not going to buy into the idea of bogus voter fraud to impair the greatest rights america has. host: we have 10 students on the bus. all the journalism students are double majors. a quick comment from you as an editor who hires journalists. guest: i think that is a great idea. many journalism schools are going
be taken advantage of. >> senator? >> well gwen, two years ago barack obama warned about the sub prime mortgage crisis. john mccain said shortly after that in december he was surprised there was a sub prime mortgage problem. john mccain while barack obama was warning about what we had to do was literally giving an interview to "the wall street journal" saying that i'm always for cutting regulations. we let wall street run wild. john mccain and he's a good man, but john mccain thought the answer is that tried and true republican response, deregulate, deregulate. so what you had is you had overwhelming "deregulation." you had actually the belief that wall street could self-regulate itself. and while barack obama was talking about reinstating those regulations, john on 20 different occasions in the previous year and a half called for more deregulation. as a matter of fact, john recently wrote an article in a major magazine saying that he wants to do for the health care industry deregulate it and let the free market move like he did for the banking industry. so deregulation was the promise
about that obama had to brag about in the debate another night. he can't do anything his four years. he's got to go back to the clinton era. the reason the clinton era office is prosperous it wasn't prosperous the first four years of the clinton administration. oh no. it was when the republican congress came in beginning in january of 1995 passing welfare reform, fantastic criminal law provisions, we slipped a tax cut in. that was the republican congress driving the bus and clinton signing what was sent to him. >> a.a. mom writes to you on twitter. it's not about the 60's. it's about the current g.o.p. response to the first black president. total rejection, they say, based race. >> um, the idea that what people don't like about obama is his race is preposterous! more white people voted for obama in 2008 than any democratic president in nearly 40 years. and by the way, where was all this love for blacks in high public positions when clarence thomas wasdom nominated to the supreme court? how about when colin powell was made the first black secretary of state or condoleezza rice the first
like. that expires at the end of the year. in 2009, president obama took office and the stimulus act included new credits focused on low income families and families who have kids in college. those are extended in 2010 and expire at the end of the year. there is temporary cuts in social security payroll tax that was done in the stimulus. in addition to those expiring tax provisions, another thing we have the start of next year are the start of tax increases included in the health reform act of 2010. there is a very diverse our rate of tax positions that are under discussion. that is important for understanding the effects of american households. different households are affected differently. at low income of the distribution, the credits enacted in 2009 turned out to be very important. as does the temporary cut in payroll taxes. that continues to be important for folks in the middle range of income. the 2001-2003 tax cuts are important. if you go to the high end of the high -- income distribution, in addition to the 2001-2003 tax cuts on ordinary income and investment income, there i
Search Results 0 to 4 of about 5